Morgan Advanced Materials PLC (LON:MGAM) Given Average Rating of “Hold” by Analysts

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Morgan Advanced Materials PLC (LON:MGAM) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 328.33 ($4.29).

A number of equities research analysts recently weighed in on the stock. Peel Hunt reaffirmed a “buy” rating on shares of Lookers in a research note on Monday, July 8th. Royal Bank of Canada set a $35.00 price target on shares of Beacon Roofing Supply and gave the stock a “hold” rating in a research note on Tuesday, March 26th.

In other Morgan Advanced Materials news, insider Peter Turner sold 48,289 shares of Morgan Advanced Materials stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of GBX 253 ($3.31), for a total transaction of £122,171.17 ($159,638.27).

MGAM traded up GBX 0.40 ($0.01) on Friday, reaching GBX 257.40 ($3.36). The company had a trading volume of 173,027 shares, compared to its average volume of 413,500. The business has a 50 day moving average of GBX 262.10. The stock has a market capitalization of $734.54 million and a P/E ratio of 15.89. The company has a debt-to-equity ratio of 89.32, a quick ratio of 0.87 and a current ratio of 1.35. Morgan Advanced Materials has a 52-week low of GBX 233.80 ($3.06) and a 52-week high of GBX 370 ($4.83).

About Morgan Advanced Materials

Morgan Advanced Materials plc operates as an advanced materials science and engineering company that focuses on ceramics, carbon, and composites primarily in the United Kingdom. The company offers high-temperature insulating fiber products, microporous products, firebricks, monolithic products, heat shields, fired refractory shapes, and structural block insulation products; crucibles, foundry products, and furnace industries furnace ranges; and seals and bearings, as well as general pump components, such as shafts, vanes, rotors, and washers.

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Analyst Recommendations for Morgan Advanced Materials (LON:MGAM)

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